Initial Latest Possible Designation Remittance Rate Uncertificated Balance. Maturity Date(1) ----------- --------------- ---------------------- ---------------- I-LTAA Variable(2) $ 289,287,151.40 April 25, 2034 I-LTA1 Variable(2) $ 1,063,180.00 April 25, 2034 X-XXX0 Variable(2) $ 555,210.00 April 25, 2034 I-LTA3 Variable(2) $ 449,340.00 April 25, 2034 I-LTA4 Variable(2) $ 286,420.00 April 25, 2034 I-LTM1 Variable(2) $ 191,875.00 April 25, 2034 I-LTM2 Variable(2) $ 169,735.00 April 25, 2034 I-LTM3 Variable(2) $ 51,660.00 April 25, 2034 I-LTM4 Variable(2) $ 36,900.00 April 25, 2034 I-LTM5 Variable(2) $ 44,280.00 April 25, 2034 I-LTM6 Variable(2) $ 44,280.00 April 25, 2034 I-LTM7 Variable(2) $ 29,520.00 April 25, 2034 I-LTZZ Variable(2) $ 2,981,419.42 April 25, 2034 X-XXX Variable(2) $ 100.00 April 25, 2034 I-LT1SUB Variable(2) $ 5,399.21 April 25, 2034 I-LT1GRP Variable(2) $ 26,662.81 April 25, 2034 I-LT2SUB Variable(2) $ 2,819.58 April 25, 2034 I-LT2GRP Variable(2) $ 13,923.78 April 25, 2034 I-LT3SUB Variable(2) $ 3,736.42 April 25, 2034 I-LT3GRP Variable(2) $ 18,451.62 April 25, 2034 I-XX Variable(2) $ 295,119,977.41 April 25, 2034 (1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the "latest possible maturity date" for each REMIC I Regular Interest. (2) Calculated in accordance with the definition of "REMIC I Remittance Rate" herein. REMIC II -------- As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the REMIC I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC II." The Class R-II Interest will evidence the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the designation, the Pass-Through Rate, the initial aggregate Certificate Principal Balance and, solely for purposes of satisfying Treasury regulation section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for the indicated Classes of Certificates. Initial Aggregate Latest Possible Designation Pass-Through Rate Certificate Principal Balance Maturity Date ----------- ----------------- ----------------------------- ------------- Class A-1 Variable(1) $ 212,636,000.00 April 25, 2034 Class A-2 Variable(1) $ 111,042,000.00 April 25, 2034 Class A-3 Variable(1) $ 89,868,000.00 April 25, 2034 Class A-4 Variable(1) $ 57,284,000.00 April 25, 2034 Class M-1 Variable(1) $ 38,375,000.00 April 25, 2034 Class M-2 Variable(1) $ 33,947,000.00 April 25, 2034 Class M-3 Variable(1) $ 10,332,000.00 April 25, 2034 Class M-4 Variable(1) $ 7,380,000.00 April 25, 2034 Class M-5 Variable(1) $ 8,856,000.00 April 25, 2034 Class M-6 Variable(1) $ 8,856,000.00 April 25, 2034 Class M-7 Variable(1) $ 5,904,000.00 April 25, 2034 Class CE Interest Variable(2) $ 5,901,941.64 April 25, 2034 Class P Interest N/A(3) $ 100.00 April 25, 2034 (1) Calculated in accordance with the definition of "Pass-Through Rate" herein. (2) The Class CE Interest will accrue interest at its variable Pass-Through Rate on the Notional Amount of the Class CE Interest outstanding from time to time which shall equal the Uncertificated Balance of the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP). The Class CE Interest will not accrue interest on its Uncertificated Balance. (3) The Class P Interest will not accrue interest. REMIC III --------- As provided herein, the Trustee shall make an election to treat the segregated pool of assets consisting of the Class CE Interest as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC III." The Class R-III Interest represents the sole class of "residual interests" in REMIC III for purposes of the REMIC Provisions. The following table sets forth (or describes) the Class designation, Pass-Through Rate and Original Class Certificate Principal Balance for the indicated Class of Certificates that represents a "regular interest" in REMIC III created hereunder: Initial Aggregate Certificate Principal Latest Possible Class Designation Pass-Through Rate Balance Maturity Date(1) ----------------- ----------------- ------- ---------------- Class CE Certificates Variable(2) $ 5,901,941.64 April 25, 2034 _______________ (1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loans with the latest maturity date has been designated as the "latest possible maturity date" for the Class CE Certificates.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mastr Asset Backed Securities Trust 2004-Wmc2)
Initial Latest Possible Designation Remittance Rate Uncertificated Balance. Maturity Date(1) ----------- --------------- ---------------------- ---------------- I-LTAA Variable(2) $ 289,287,151.40 April $736,405,075.77 October 25, 2034 2033 I-LTA1 Variable(2) $ 1,063,180.00 April 4,541,995.00 October 25, 2034 X2033 I-XXX0 LTA2 Variable(2) $ 555,210.00 April 750,000.00 October 25, 2034 2033 I-LTA3 Variable(2) $ 449,340.00 April 405,960.00 October 25, 2034 2033 I-LTA4 Variable(2) $ 286,420.00 April 369,875.00 October 25, 2034 2033 I-LTM1 Variable(2) $ 191,875.00 April 488,430.00 October 25, 2034 2033 I-LTM2 Variable(2) $ 169,735.00 April 394,505.00 October 25, 2034 2033 I-LTM3 Variable(2) $ 51,660.00 April 112,715.00 October 25, 2034 2033 I-LTM4 Variable(2) $ 36,900.00 April 93,930.00 October 25, 2034 2033 I-LTM5 Variable(2) $ 44,280.00 April 93,930.00 October 25, 2034 2033 I-LTM6 Variable(2) $ 44,280.00 April 75,145.00 October 25, 2034 I-LTM7 Variable(2) $ 29,520.00 April 25, 2034 2033 I-LTZZ Variable(2) $ 2,981,419.42 April 7,702,230.83 October 25, 2034 X-XXX Variable(2) $ 100.00 April 25, 2034 2033 I-LT1SUB Variable(2) $ 5,399.21 April 2,165.53 October 25, 2034 2033 I-LT1GRP Variable(2) $ 26,662.81 April 11,249.52 October 25, 2034 2033 I-LT2SUB Variable(2) $ 2,819.58 April 727.49 October 25, 2034 2033 I-LT2GRP Variable(2) $ 13,923.78 April 3,779.16 October 25, 2034 2033 I-LT3SUB LTXX Variable(2) $751,417,869.83 October 25, 2033 I-LTP Variable(2) $ 3,736.42 April 100.00 October 25, 2034 I-LT3GRP Variable(2) $ 18,451.62 April 25, 2034 I-XX Variable(2) $ 295,119,977.41 April 25, 20342033
(1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the "latest possible maturity date" for each REMIC I Regular Interest.
(2) Calculated in accordance with the definition of "REMIC I Remittance Rate" herein. REMIC II -------- As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the REMIC I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC II." The Class R-II Interest will evidence the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the designation, the Pass-Through Rate, the initial aggregate Certificate Principal Balance and, solely for purposes of satisfying Treasury regulation section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for the indicated Classes of Certificates. Initial Aggregate Latest Possible Designation Pass-Through Rate Certificate Principal Balance Maturity Date ----------- ----------------- ----------------------------- ------------- Class A-1 Variable(1) $ 212,636,000.00 April 25, 2034 Class A-2 Variable(1) $ 111,042,000.00 April 25, 2034 Class A-3 Variable(1) $ 89,868,000.00 April 25, 2034 Class A-4 Variable(1) $ 57,284,000.00 April 25, 2034 Class M-1 Variable(1) $ 38,375,000.00 April 25, 2034 Class M-2 Variable(1) $ 33,947,000.00 April 25, 2034 Class M-3 Variable(1) $ 10,332,000.00 April 25, 2034 Class M-4 Variable(1) $ 7,380,000.00 April 25, 2034 Class M-5 Variable(1) $ 8,856,000.00 April 25, 2034 Class M-6 Variable(1) $ 8,856,000.00 April 25, 2034 Class M-7 Variable(1) $ 5,904,000.00 April 25, 2034 Class CE Interest Variable(2) $ 5,901,941.64 April 25, 2034 Class P Interest N/A(3) $ 100.00 April 25, 2034
(1) Calculated in accordance with the definition of "Pass-Through Rate" herein.
(2) The Class CE Interest will accrue interest at its variable Pass-Through Rate on the Notional Amount of the Class CE Interest outstanding from time to time which shall equal the Uncertificated Balance of the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP). The Class CE Interest will not accrue interest on its Uncertificated Balance.
(3) The Class P Interest will not accrue interest. REMIC III --------- As provided herein, the Trustee shall make an election to treat the segregated pool of assets consisting of the Class CE Interest as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC III." The Class R-III Interest represents the sole class of "residual interests" in REMIC III for purposes of the REMIC Provisions. The following table sets forth (or describes) the Class designation, Pass-Through Rate and Original Class Certificate Principal Balance for the indicated Class of Certificates that represents a "regular interest" in REMIC III created hereunder: Initial Aggregate Certificate Principal Latest Possible Class Designation Pass-Through Rate Balance Maturity Date(1) ----------------- ----------- ----------------- ------- ---------------- Class CE Certificates A-1 Variable(2) $908,399,000.00 October 25, 2033 Class A-2 Variable(2) $150,000,000.00 October 25, 2033 Class A-3 Variable(2) $ 5,901,941.64 April 81,192,000.00 October 25, 20342033 Class A-4 Variable(2) $ 73,975,000.00 October 25, 2033 Class M-1 Variable(2) $ 97,686,000.00 October 25, 2033 Class M-2 Variable(2) $ 78,901,000.00 October 25, 2033 Class M-3 Variable(2) $ 22,543,000.00 October 25, 2033 Class M-4 Variable(2) $ 18,786,000.00 October 25, 2033 Class M-5 Variable(2) $ 18,786,000.00 October 25, 2033 Class M-6 Variable(2) $ 15,029,000.00 October 25, 2033 Class CE Variable(2) $ 37,574,583.20(3) October 25, 2033 Class P N/A(5) $ 100.00 October 25, 2033
_______________ (1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loans with the latest maturity date has been designated as the "latest possible maturity date" for each Class of Certificates.
(2) Calculated in accordance with the definition of "Pass-Through Rate" herein.
(3) The Class CE Certificates will accrue interest at their variable Pass-Through Rate on the Notional Amount of the Class CE CertificatesCertificates outstanding from time to time which shall equal the Uncertificated Balance of the REMIC I Regular Interests. The Class CE Certificates will not accrue interest on their Certificate Principal Balance.
(4) The Class P Certificates will not accrue interest. As of the Cut-off Date, the Group I Mortgage Loans had an aggregate Scheduled Principal Balance equal to $1,124,952,551.64 and the Group II Mortgage Loans had an aggregate Scheduled Principal Balance equal to $377,919,131.56. In consideration of the mutual agreements herein contained, the Depositor, the Master Servicer and the Trustee agree as follows:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (New Century Mortgage Sec Home Equity Loan Ser 2003-4)
Initial Latest Possible Designation Remittance Rate Uncertificated Balance. Maturity Date(1Date (1) ----------- --------------- ---------------------- ---------------- ----------------- I-LTAA Variable(2) $ 289,287,151.40 April 486,830,338.57 September 25, 2034 2033 I-LTA1 Variable(2) $ 1,063,180.00 April 2,858,215.00 September 25, 2034 X2033 I-XXX0 LTA2A Variable(2) $ 555,210.00 April 188,020.00 September 25, 2034 2033 I-LTA2B Variable(2) $ 465,000.00 September 25, 2033 I-LTA2C Variable(2) $ 95,635.00 September 25, 2033 I-LTA3 Variable(2) $ 449,340.00 April 317,580.00 September 25, 2034 I-LTA4 Variable(2) $ 286,420.00 April 25, 2034 2033 I-LTM1 Variable(2) $ 191,875.00 April 347,735.00 September 25, 2034 2033 I-LTM2 Variable(2) $ 169,735.00 April 285,640.00 September 25, 2034 2033 I-LTM3 Variable(2) $ 51,660.00 April 86,935.00 September 25, 2034 2033 I-LTM4 Variable(2) $ 36,900.00 April 86,935.00 September 25, 2034 2033 I-LTM5 Variable(2) $ 44,280.00 April 74,515.00 September 25, 2034 2033 I-LTM6 Variable(2) $ 44,280.00 April 49,675.00 September 25, 2034 2033 I-LTM7 LTB1A Variable(2) $ 29,520.00 April 34,775.00 September 25, 2034 2033 I-LTB1B Variable(2) $ 34,775.00 September 25, 2033 I-LTZZ Variable(2) $ 2,981,419.42 April 5,009,878.03 September 25, 2034 X2033 I-XXX LTP Xxxxxxxx(2) $ 100.00 September 25, 2033
I- LT1A Variable(2) $ 100.00 April 16,884.01 September 25, 2034 2033 I-LT1SUB LT1B Variable(2) $ 5,399.21 April 80,339.92 September 25, 2034 2033 I-LT1GRP LT2A Variable(2) $ 26,662.81 April 3,980.12 September 25, 2034 2033 I-LT2SUB LT2B Variable(2) $ 2,819.58 April 18,953.22 September 25, 2034 2033 I-LT2GRP LTXX Variable(2) $ 13,923.78 April 496,645,434.33 September 25, 2034 I-LT3SUB Variable(2) $ 3,736.42 April 25, 2034 I-LT3GRP Variable(2) $ 18,451.62 April 25, 2034 I-XX Variable(2) $ 295,119,977.41 April 25, 20342033
(1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the "latest possible maturity date" for each REMIC I Regular Interest.
(2) Calculated in accordance with the definition of "REMIC I Remittance Rate" herein. REMIC II -------- As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the REMIC I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC II." The Class R-II Interest will evidence the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions under federal income tax lawProvisions. The following table irrevocably sets forth the designation, the Pass-Through Rate, the initial aggregate Certificate Principal Balance and, solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for the indicated Classes of Certificates. Initial Aggregate Latest Possible Designation Pass-Through Rate Certificate Principal Balance Maturity Date (1) ----------- ----------------- ----------------------------- ------------- ----------------- Class A-1 Variable(1) $ 212,636,000.00 April 25, 2034 Class A-2 Variable(1) $ 111,042,000.00 April 25, 2034 Class A-3 Variable(1) $ 89,868,000.00 April 25, 2034 Class A-4 Variable(1) $ 57,284,000.00 April 25, 2034 Class M-1 Variable(1) $ 38,375,000.00 April 25, 2034 Class M-2 Variable(1) $ 33,947,000.00 April 25, 2034 Class M-3 Variable(1) $ 10,332,000.00 April 25, 2034 Class M-4 Variable(1) $ 7,380,000.00 April 25, 2034 Class M-5 Variable(1) $ 8,856,000.00 April 25, 2034 Class M-6 Variable(1) $ 8,856,000.00 April 25, 2034 Class M-7 Variable(1) $ 5,904,000.00 April 25, 2034 Class CE Interest Variable(2) $ 5,901,941.64 April 571,643,000.00 September 25, 2034 2033 Class A-2A Variable(2) $ 37,604,000.00 September 25, 2033 Class A-2B Variable(2) $ 93,000,000.00 September 25, 2033 Class A-2C Variable(2) $ 19,127,000.00 September 25, 2033 Class A-3 Variable(2) $ 63,516,000.00 September 25, 2033 Class M-1 Variable(2) $ 69,547,000.00 September 25, 2033 Class M-2 Variable(2) $ 57,128,000.00 September 25, 2033 Class M-3 Variable(2) $ 17,387,000.00 September 25, 2033 Class M-4 Variable(2) $ 17,387,000.00 September 25, 2033 Class M-5 Variable(2) $ 14,903,000.00 September 25, 2033 Class M-6 Variable(2) $ 9,935,000.00 September 25, 2033 Class B-1A Variable(2) $ 6,955,000.00 September 25, 2033 Class B-1B 6.00% $ 6,955,000.00 September 25, 2033 Class P Interest N/A(3) $ 100.00 April September 25, 2034
(1) Calculated in accordance with the definition of "Pass-Through Rate" herein.
(2) The 2033 Class CE Interest will accrue interest at its variable Pass-Through Rate on the Notional Amount of the Class CE Interest outstanding from time to time which shall equal the Uncertificated Balance of the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP). The Class CE Interest will not accrue interest on its Uncertificated Balance.
(3) The Class P Interest will not accrue interest. REMIC III --------- As provided herein, the Trustee shall make an election to treat the segregated pool of assets consisting of the Class CE Interest as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC III." The Class R-III Interest represents the sole class of "residual interests" in REMIC III for purposes of the REMIC Provisions. The following table sets forth (or describes) the Class designation, Pass-Through Rate and Original Class Certificate Principal Balance for the indicated Class of Certificates that represents a "regular interest" in REMIC III created hereunder: Initial Aggregate Certificate Principal Latest Possible Class Designation Pass-Through Rate Balance Maturity Date(1) ----------------- ----------------- ------- ---------------- Class CE Certificates Variable(2N/A(4) $ 5,901,941.64 April 8,444,303.20 September 25, 2034
2033 _______________ (1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loans with the latest maturity date has been designated as the "latest possible maturity date" for the Class CE Certificates.___
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Ace Securities Corp Home Equity Loan Trust Series 2004 Fm1)
Initial Latest Possible Designation Remittance Rate Uncertificated Balance. Maturity Date(1) ----------- --------------- ---------------------- ---------------- I-LTAA Variable(2) $ 289,287,151.40 April $436,409,923.77 October 25, 2034 2033 I-LTA1 Variable(2) $ 1,063,180.00 April 1,886,115.00 October 25, 2034 X2033 I-XXX0 LTA2 Variable(2) $ 555,210.00 April 661,475.00 October 25, 2034 2033 I-LTA3 LTA3A Variable(2) $ 449,340.00 April 823,550.00 October 25, 2034 2033 I-LTA4 LTA3B Variable(2) $ 286,420.00 April 235,920.00 October 25, 2034 2033 I-LTM1 Variable(2) $ 191,875.00 April 273,870.00 October 25, 2034 2033 I-LTM2 Variable(2) $ 169,735.00 April 227,110.00 October 25, 2034 2033 I-LTM3 Variable(2) $ 51,660.00 April 71,250.00 October 25, 2034 2033 I-LTM4 Variable(2) $ 36,900.00 April 60,120.00 October 25, 2034 2033 I-LTM5 Variable(2) $ 44,280.00 April 40,080.00 October 25, 2034 2033 I-LTM6 Variable(2) $ 44,280.00 April 66,795.00 October 25, 2034 I-LTM7 Variable(2) $ 29,520.00 April 25, 2034 2033 I-LTZZ Variable(2) $ 2,981,419.42 April 4,560,039.97 October 25, 2034 X-XXX Variable(2) $ 100.00 April 25, 2034 2033 I-LT1SUB Variable(2) $ 5,399.21 April 8.848.47 October 25, 2034 2033 I-LT1GRP Variable(2) $ 26,662.81 April 46,570.77 October 25, 2034 2033 I-LT2SUB Variable(2) $ 2,819.58 April 3,103.21 October 25, 2034 2033 I-LT2GRP Variable(2) $ 13,923.78 April 16,332.71 October 25, 2034 2033 I-LT3SUB Variable(2) $ 3,736.42 April 4,970.38 October 25, 2034 2033 I-LT3GRP Variable(2) $ 18,451.62 April 26,159.78 October 25, 2034 2033 I-XX LTXX Variable(2) $ 295,119,977.41 April $445,210,263.43 October 25, 2034
2033 I-LTP Xxxxxxxx(0) $ 100.00 October 25, 2033 _______________ (1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the "latest possible maturity date" for each REMIC I Regular Interest.
(2) Calculated in accordance with the definition of "REMIC I Remittance Rate" herein. REMIC II -------- As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the REMIC I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC II." The Class R-II Interest will evidence the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the designation, the Pass-Through Rate, the initial aggregate Certificate Principal Balance and, solely for purposes of satisfying Treasury regulation section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for the indicated Classes of Certificates. Initial Aggregate Latest Possible Designation Pass-Through Rate Certificate Principal Balance Maturity Date ----------- ----------------- ----------------------------- ------------- Class A-1 Variable(1) $ 212,636,000.00 April 25, 2034 Class A-2 Variable(1) $ 111,042,000.00 April 25, 2034 Class A-3 Variable(1) $ 89,868,000.00 April 25, 2034 Class A-4 Variable(1) $ 57,284,000.00 April 25, 2034 Class M-1 Variable(1) $ 38,375,000.00 April 25, 2034 Class M-2 Variable(1) $ 33,947,000.00 April 25, 2034 Class M-3 Variable(1) $ 10,332,000.00 April 25, 2034 Class M-4 Variable(1) $ 7,380,000.00 April 25, 2034 Class M-5 Variable(1) $ 8,856,000.00 April 25, 2034 Class M-6 Variable(1) $ 8,856,000.00 April 25, 2034 Class M-7 Variable(1) $ 5,904,000.00 April 25, 2034 Class CE Interest Variable(2) $ 5,901,941.64 April 25, 2034 Class P Interest N/A(3) $ 100.00 April 25, 2034
(1) Calculated in accordance with the definition of "Pass-Through Rate" herein.
(2) The Class CE Interest will accrue interest at its variable Pass-Through Rate on the Notional Amount of the Class CE Interest outstanding from time to time which shall equal the Uncertificated Balance of the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP). The Class CE Interest will not accrue interest on its Uncertificated Balance.
(3) The Class P Interest will not accrue interest. REMIC III --------- As provided herein, the Trustee shall make an election to treat the segregated pool of assets consisting of the Class CE Interest as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC III." The Class R-III Interest represents the sole class of "residual interests" in REMIC III for purposes of the REMIC Provisions. The following table sets forth (or describes) the Class designation, Pass-Through Rate and Original Class Certificate Principal Balance for the indicated Class of Certificates that represents a "regular interest" in REMIC III created hereunder: Initial Aggregate Certificate Principal Latest Possible Class Designation Pass-Through Rate Balance Maturity Date(1) ----------------- ----------------- ------- ---------------- Class CE Certificates Variable(2) $ 5,901,941.64 April 25, 2034
_______________ (1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loans with the latest maturity date has been designated as the "latest possible maturity date" for the Class CE Certificates.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (New Century Mort Sec Inc Home Equity Ln Tr Se 2003 B)
Initial Latest Possible Designation Remittance Rate Uncertificated Balance. Maturity Date(1) ----------- --------------- ---------------------- ---------------- III-LTAA Variable(2) $ 289,287,151.40 April 575,152,792.35 December 25, 2034 I2032 II-LTA1 Variable(2) $ 1,063,180.00 April 3,522,010.00 December 25, 2034 X2032 II-XXX0 LTA2 Variable(2) $ 555,210.00 April 1,231,800.00 December 25, 2034 I-LTA3 Variable(2) $ 449,340.00 April 25, 2034 I-LTA4 Variable(2) $ 286,420.00 April 25, 2034 I2032 II-LTM1 Variable(2) $ 191,875.00 April 352,135.00 December 25, 2034 I2032 II-LTM2 Variable(2) $ 169,735.00 April 322,790.00 December 25, 2034 I2032 II-LTM3 Variable(2) $ 51,660.00 April 228,885.00 December 25, 2034 I2032 II-LTM4 Variable(2) $ 36,900.00 April 88,035.00 December 25, 2034 I-LTM5 Variable(2) $ 44,280.00 April 25, 2034 I-LTM6 Variable(2) $ 44,280.00 April 25, 2034 I-LTM7 Variable(2) $ 29,520.00 April 25, 2034 I2032 II-LTZZ Variable(2) $ 2,981,419.42 April 5,992,157.09 December 25, 2034 X2032 II-XXX LTAIO1A Variable(2) $ 100.00 April N/A(3) Dxxxxxxx 00, 0000 XX-XXXXX0X Xxriable(2) N/A(3) Dxxxxxxx 00, 0000 XX-XXXXX0X Xxriable(2) N/A(3) December 25, 2034 I2032 II-LTAIO2A Variable(2) N/A(4) Dxxxxxxx 00, 0000 XX-XXXXX0X Xxriable(2) N/A(4) Dxxxxxxx 00, 0000 XX-XXXXX0X Xxriable(2) N/A(4) December 25, 2032 II-LT1SUB Variable(2) $ 5,399.21 April 16,522.99 December 25, 2034 I2032 II-LT1GRP Variable(2) $ 26,662.81 April 86,963.20 December 25, 2034 I2032 II-LT2SUB Variable(2) $ 2,819.58 April 5,778.93 December 25, 2034 I2032 II-LT2GRP Variable(2) $ 13,923.78 April 30,414.93 December 25, 2034 I2032 II-LT3SUB LTXX Variable(2) $ 3,736.42 April 586,750,924.38 December 25, 2034 I2032 II-LT3GRP LTP Variable(2) $ 18,451.62 April 100.00 December 25, 2034 I-XX Variable(2) $ 295,119,977.41 April 25, 20342032
(1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the "latest possible maturity date" for each REMIC I Regular Interest.
(2) Calculated in accordance with the definition of "REMIC I II Remittance Rate" herein. .
(3) REMIC II -------- Regular Interest II-LTAIO1A, REMIC II Regular Interest II-LTAIO1B and REMIC II Regular Interest II-LTAIO1C will not have Initial Uncertificated Balances, but will accrue interest on their Uncertificated Notional Amounts outstanding from time to time which shall equal, in each case, the Initial Uncertificated Balance of REMIC I Regular Interest I-LTAIO1.
(4) REMIC II Regular Interest II-LTAIO2A, REMIC II Regular Interest II-LTAIO2B and REMIC II Regular Interest II-LTAIO2C will not have Initial Uncertificated Balances, but will accrue interest on their Uncertificated Notional Amounts outstanding from time to time which shall equal, in each case, the Initial Uncertificated Balance of REMIC I Regular Interest I-LTAIO2.
REMIC III As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the REMIC I II Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC IIIII." The Class R-II Interest III Interests will evidence the sole class of "residual interests" in REMIC II III for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the designation, the Pass-Through Rate, the initial aggregate Certificate Principal Balance and, solely for purposes of satisfying Treasury regulation section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for the indicated Classes of Certificates. Initial Aggregate Latest Possible Designation Pass-Through Rate Certificate Principal Balance Maturity Date ----------- ----------------- ----------------------------- ------------- Class A-1 Variable(1) $ 212,636,000.00 April 25, 2034 Class A-2 Variable(1) $ 111,042,000.00 April 25, 2034 Class A-3 Variable(1) $ 89,868,000.00 April 25, 2034 Class A-4 Variable(1) $ 57,284,000.00 April 25, 2034 Class M-1 Variable(1) $ 38,375,000.00 April 25, 2034 Class M-2 Variable(1) $ 33,947,000.00 April 25, 2034 Class M-3 Variable(1) $ 10,332,000.00 April 25, 2034 Class M-4 Variable(1) $ 7,380,000.00 April 25, 2034 Class M-5 Variable(1) $ 8,856,000.00 April 25, 2034 Class M-6 Variable(1) $ 8,856,000.00 April 25, 2034 Class M-7 Variable(1) $ 5,904,000.00 April 25, 2034 Class CE Interest Variable(2) $ 5,901,941.64 April 25, 2034 Class P Interest N/A(3) $ 100.00 April 25, 2034
(1) Calculated in accordance with the definition of "Pass-Through Rate" herein.
(2) The Class CE Interest will accrue interest at its variable Pass-Through Rate on the Notional Amount of the Class CE Interest outstanding from time to time which shall equal the Uncertificated Balance of the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP). The Class CE Interest will not accrue interest on its Uncertificated Balance.
(3) The Class P Interest will not accrue interest. REMIC III --------- As provided herein, the Trustee shall make an election to treat the segregated pool of assets consisting of the Class CE Interest as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC III." The Class R-III Interest represents the sole class of "residual interests" in REMIC III for purposes of the REMIC Provisions. The following table sets forth (or describes) the Class designation, Pass-Through Rate and Original Class Certificate Principal Balance for the indicated Class of Certificates that represents a "regular interest" in REMIC III created hereunder: Initial Aggregate Certificate Principal Latest Possible Class Designation Pass-Through Rate Balance Maturity Date(1) ----------------- ----------- ----------------- ------- ---------------- Class CE Certificates A-1 Variable(2) $704,402,000.00 December 25, 2032 Class A-2 Variable(2) $246,360,000.00 December 25, 2032 Class M-1 Variable(2) $ 5,901,941.64 April 70,427,000.00 December 25, 20342032 Class M-2 Variable(2) $ 64,558,000.00 December 25, 2032 Class M-3 Variable(2) $ 45,777,000.00 December 25, 2032 Class M-4 Variable(2) $ 17,607,000.00 December 25, 2032 Class A-IO Variable(2) N/A(3) December 25, 2032 Class CE Variable(2) $ 24,650,208.87(4) December 25, 2032 Class P N/A(5) $ 100.00 December 25, 2032
_______________ (1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loans with the latest maturity date has been designated as the "latest possible maturity date" for each Class of Certificates.
(2) Calculated in accordance with the definition of "Pass-Through Rate" herein.
(3) The Class A-IO Certificates will not have a Certificate Principal Balance, but will receive all amounts distributed to REMIC II Regular Interest II-LTAIO1A, REMIC II Regular Interest II-LTAIO1B, REMIC II Regular Interest II-LTAIO1C, REMIC II Regular Interest II-LTAIO2A, REMIC II Regular Interest II-LTAIO2B and REMIC II Regular Interest II-LTAIO2C.
(4) The Class CE Certificates will accrue interest at their variable Pass-Through Rate on the Notional Amount of the Class CE CertificatesCertificates outstanding from time to time which shall equal the Uncertificated Balance of the REMIC II Regular Interests. The Class CE Certificates will not accrue interest on their Certificate Principal Balance.
(5) The Class P Certificates will not accrue interest. As of the Cut-off Date, the Group I Mortgage Loans had an aggregate Scheduled Principal Balance equal to $869,632,039.61 and the Group II Mortgage Loans had an aggregate Scheduled Principal Balance equal to $304,149,269.26. In consideration of the mutual agreements herein contained, the Depositor, the Servicers and the Trustee agree as follows:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (New Century Mort Sec Inc Home Equity Loan Tr Ser 2003 2)
Initial Latest Possible Designation Remittance Rate Uncertificated Balance. Maturity Date(1) ----------- --------------- ---------------------- ---------------- IIII-LTAA Variable(2) $ 289,287,151.40 April 25, 2034 I1,224,999,951.00 October 2033 III-LTA1 LTAV1 Variable(2) $ 1,063,180.00 April 25, 2034 X5,384,700.00 October 2033 III-XXX0 LTAV2 Variable(2) $ 555,210.00 April 25, 2034 I598,300.00 October 2033 III-LTA3 LTAV3 Variable(2) $ 449,340.00 April 25, 2034 I410,500.00 October 2033 III-LTA4 LTAV4 Variable(2) $ 286,420.00 April 25, 2034 I739,000.00 October 2033 III-LTAF1 Variable(2) $ 353,000.00 October 2033 III-LTAF2 Variable(2) $ 343,350.00 October 2033 III-LTAF3 Variable(2) $ 339,650.00 October 2033 III-LTAF4 Variable(2) $ 1,211,000.00 October 2033 III-LTAF5 Variable(2) $ 1,120,500.00 October 2033 III-LTM1 Variable(2) $ 191,875.00 April 25, 2034 I656,250.00 October 2033 III-LTM2 Variable(2) $ 169,735.00 April 25, 2034 I562,500.00 October 2033 III-LTM3 Variable(2) $ 51,660.00 April 25, 2034 I187,500.00 October 2033 III-LTM4 Variable(2) $ 36,900.00 April 25, 2034 I156,250.00 October 2033 III-LTM5 Variable(2) $ 44,280.00 April 25, 2034 I156,250.00 October 2033 III-LTM6 LTMV6 Variable(2) $ 44,280.00 April 25, 2034 I81,250.00 October 2033 III-LTM7 LTMF6 Variable(2) $ 29,520.00 April 25, 2034 I75,000.00 October 2033 III-LTS Variable(2) (3) October 2033 III-LTZZ Variable(2) $ 2,981,419.42 April 25, 2034 X12,624,999.00 October 2033 III-XXX LTP Variable(2) $ 100.00 April 25, 2034 IOctober 2033 III-LT1SUB Variable(2) $ 5,399.21 April 25, 2034 I22,793.71 October 2033 III-LT1GRP Variable(2) $ 26,662.81 April 25, 2034 I142,453.72 October 2033 III-LT2SUB Variable(2) $ 2,819.58 April 25, 2034 I12,939.18 October 2033 III-LT2GRP Variable(2) $ 13,923.78 April 25, 2034 I80,869.18 October 2033 III-LT3SUB Variable(2) $ 3,736.42 April 25, 2034 I4,267.10 October 2033 III-LT3GRP Variable(2) $ 18,451.62 April 25, 2034 I26,677.10 October 2033 III-XX LTXX Variable(2) $ 295,119,977.41 April 25, 20341,249,709,950.01 October 2033
(1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the "latest possible maturity date" for each REMIC I III Regular Interest.
(2) Calculated in accordance with the definition of "REMIC I III Remittance Rate" herein.
(3) REMIC III Regular Interest III-LTS will not have an Uncertificated Balance, but will accrue interest on its Uncertificated Notional Amount as defined herein. REMIC II IV -------- As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the REMIC I III Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC IIIV." The Class R-II IV Interest will evidence the sole class of "residual interests" in REMIC II IV for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the designation, the Pass-Through Rate, the initial aggregate Certificate Principal Balance and, solely for purposes of satisfying Treasury regulation section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for the indicated Classes of Certificates. Initial Aggregate Latest Possible Designation Pass-Through Rate Certificate Principal Balance Maturity Date ----------- ----------------- ----------------------------- ------------- Class A-1 Variable(1) $ 212,636,000.00 April 25, 2034 Class A-2 Variable(1) $ 111,042,000.00 April 25, 2034 Class A-3 Variable(1) $ 89,868,000.00 April 25, 2034 Class A-4 Variable(1) $ 57,284,000.00 April 25, 2034 Class M-1 Variable(1) $ 38,375,000.00 April 25, 2034 Class M-2 Variable(1) $ 33,947,000.00 April 25, 2034 Class M-3 Variable(1) $ 10,332,000.00 April 25, 2034 Class M-4 Variable(1) $ 7,380,000.00 April 25, 2034 Class M-5 Variable(1) $ 8,856,000.00 April 25, 2034 Class M-6 Variable(1) $ 8,856,000.00 April 25, 2034 Class M-7 Variable(1) $ 5,904,000.00 April 25, 2034 Class CE Interest Variable(2) $ 5,901,941.64 April 25, 2034 Class P Interest N/A(3) $ 100.00 April 25, 2034
(1) Calculated in accordance with the definition of "Pass-Through Rate" herein.
(2) The Class CE Interest will accrue interest at its variable Pass-Through Rate on the Notional Amount of the Class CE Interest outstanding from time to time which shall equal the Uncertificated Balance of the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP). The Class CE Interest will not accrue interest on its Uncertificated Balance.
(3) The Class P Interest will not accrue interest. REMIC III --------- As provided herein, the Trustee shall make an election to treat the segregated pool of assets consisting of the Class CE Interest as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC III." The Class R-III Interest represents the sole class of "residual interests" in REMIC III for purposes of the REMIC Provisions. The following table sets forth (or describes) the Class designation, Pass-Through Rate and Original Class Certificate Principal Balance for the indicated Class of Certificates that represents a "regular interest" in REMIC III created hereunder: Initial Aggregate Certificate Principal Latest Possible Class Designation Pass-Pass Through Rate Balance Maturity Date(1) ----------------- ----------- ----------------- ------- ---------------- Class CE Certificates AV-1 Variable(2) $ 5,901,941.64 April 25, 20341,076,940,000 October 2033 Class AV-2 Variable(2) $ 119,660,000 October 2033 Class AV-3 Variable(2) $ 242,200,000 October 2033 Class AV-4 Variable(2) $ 224,100,000 October 2033 Class AF-1 2.340% per annum(2) $ 82,100,000 October 2033 Class AF-2 3.020% per annum(2) $ 147,800,000 October 2033 Class AF-3 4.370% per annum(2) $ 70,600,000 October 2033 Class AF-4 5.320% per annum(2) $ 68,670,000 October 2033 Class AF-5 4.640% per annum(2) $ 67,930,000 October 2033 Class M-1 Variable(2) $ 131,250,000 October 2033 Class M-2 Variable(2) $ 112,500,000 October 2033 Class M-3 Variable(2) $ 37,500,000 October 2033 Class M-4 Variable(2) $ 31,250,000 October 2033 Class M-5 Variable(2) $ 31,250,000 October 2033 Class MV-6 Variable(2) $ 16,250,000 October 2033 Class MF-6 5.750% per annum(2) $ 15,000,000 October 2033 Class S Variable(2) N/A(3) October 2033 Class CE Variable(4) $ 24,999,900.00 October 2033 Class P N/A(5) $ 100.00 October 2033
_______________ (1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loans with the latest maturity date has been designated as the "latest possible maturity date" for each Class of Certificates.
(2) Calculated in accordance with the definition of "Pass-Through Rate" herein.
(3) The Class S Certificates will not have a Certificate Principal Balance, but will receive all amounts distributed to REMIC III Regular Interest III-LTS.
(4) The Class CE Certificates will accrue interest at its variable Pass-Through Rate on the Notional Amount of the Class CE CertificatesCertificates outstanding from time to time which shall equal the Uncertificated Balance of the REMIC III Regular Interests. The Class CE Certificates will not accrue interest on its Certificate Principal Balance. The Class CE Certificates will also be entitled to Subsequent Mortgage Loan Interest, as a right with respect to a component of the Class CE Certificates that will not be treated as a REMIC regular interest but rather as separate interest strips from the Subsequent Mortgage Loans for a specified period of time.
(5) The Class P Certificates will not accrue interest. As of the Cut-off Date, the Initial Group I Mortgage Loans had an aggregate Scheduled Principal Balance equal to $1,139,628,678.81, the Initial Group II Mortgage Loans had an aggregate Scheduled Principal Balance equal to $646,952,255.38 and the Initial Group III Mortgage Loans had an aggregate Scheduled Principal Balance equal to $213,416,166.23. In consideration of the mutual agreements herein contained, the Depositor, the Master Servicer and the Trustee agree as follows:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Ameriquest Mort Sec Inc Asset Back Pas THR Certs Ser 03 8)
Initial Latest Possible Designation Remittance Rate Uncertificated Balance. Maturity Date(1Date (1) ----------- --------------- ---------------------- ---------------- I----------------- II-LTAA Variable(2) $ 289,287,151.40 April $222,680,110.87 November 25, 2034 I2032 II-LTA1 Variable(2) $ 1,063,180.00 April $1,491,870.00 November 25, 2034 X2032 II-XXX0 LTA2 Variable(2) $ 555,210.00 April $337,290.00 November 25, 2034 I-LTA3 Variable(2) $ 449,340.00 April 25, 2034 I-LTA4 Variable(2) $ 286,420.00 April 25, 2034 I2032 II-LTM1 Variable(2) $ 191,875.00 April $136,335.00 November 25, 2034 I2032 II-LTM2 Variable(2) $ 169,735.00 April $130,655.00 November 25, 2034 I2032 II-LTM3 Variable(2) $ 51,660.00 April $22,720.00 November 25, 2034 I2032 II-LTM4 Variable(2) $ 36,900.00 April $39,765.00 November 25, 2034 I2032 II-LTM5 Variable(2) $ 44,280.00 April $45,445.00 November 25, 2034 I2032 II-LTM6 Variable(2) $ 44,280.00 April $22,720.00 November 25, 2034 I-LTM7 Variable(2) $ 29,520.00 April 25, 2034 I2032 II-LTZZ Variable(2) $ 2,981,419.42 April $2,317,692.06 November 25, 2034 X2032 II-XXX LTIO-1A Variable(2) $ 100.00 April (3) November 25, 2034 I2032 II-LTIO-1B Variable(2) (3) November 25, 2032 II-LTIO-1C Variable(2) (3) November 25, 2032 II-LTIO-2A Variable(2) (4) November 25, 2032 II-LTIO-2B Variable(2) (4) November 25, 2032 II-LTIO-2C Variable(2) (4) November 25, 2032 II-LTP Variable(2) $100.00 November 25, 2032 II-LT1SUB Variable(2) $ 5,399.21 April $7,227.66 November 25, 2034 I2032 II-LT1GRP Variable(2) $ 26,662.81 April $37,065.06 November 25, 2034 I2032 II-LT2SUB Variable(2) $ 2,819.58 April $1,634.07 November 25, 2034 I2032 II-LT2GRP Variable(2) $ 13,923.78 April $8,379.87 November 25, 2034 I2032 II-LT3SUB LTXX Variable(2) $ 3,736.42 April $227,170,296.27 November 25, 2034 I-LT3GRP Variable(2) $ 18,451.62 April 25, 2034 I-XX Variable(2) $ 295,119,977.41 April 25, 20342032 ___________________________
(1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the "latest possible maturity date" for each REMIC I II Regular Interest.
(2) Calculated in accordance with the definition of "REMIC I II Remittance Rate" herein.
(3) REMIC II Regular Interests II-LTIO-1A, II-LTIO-1B and II-LTIO-1C will not have Initial Uncertificated Balances, but will accrue interest on their Uncertificated Notional Amount outstanding from time to time, each of which shall equal the Initial Uncertified Balance of REMIC I Regular Interest I-LTIO-1.
(4) REMIC II Regular Interests II-LTIO-2A, II-LTIO-2B and II-LTIO-2C will not have Initial Uncertificated Balances, but will accrue interest on their Uncertificated Notional Amount outstanding from time to time, each of which shall equal the Initial Uncertified Balance of REMIC I Regular Interest I-LTIO-2. REMIC II -------- III --------- As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the REMIC I II Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC IIIII." The Class R-II III Interest will evidence the sole class of "residual interests" in REMIC II III for purposes of the REMIC Provisions under federal income tax lawProvisions. The following table irrevocably sets forth the designation, the Pass-Through Rate, the initial aggregate Certificate Principal Balance and, solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for the indicated Classes of Certificates. Initial Aggregate Pass-Through Certificate Principal Latest Possible Designation Pass-Through Rate Certificate Principal Balance Maturity Date (1) ----------- ---- ------- ----------------- ----------------------------- ------------- Class A-1 Variable(1) $ 212,636,000.00 April 25, 2034 Class A-2 Variable(1) $ 111,042,000.00 April 25, 2034 Class A-3 Variable(1) $ 89,868,000.00 April 25, 2034 Class A-4 Variable(1) $ 57,284,000.00 April 25, 2034 Class M-1 Variable(1) $ 38,375,000.00 April 25, 2034 Class M-2 Variable(1) $ 33,947,000.00 April 25, 2034 Class M-3 Variable(1) $ 10,332,000.00 April 25, 2034 Class M-4 Variable(1) $ 7,380,000.00 April 25, 2034 Class M-5 Variable(1) $ 8,856,000.00 April 25, 2034 Class M-6 Variable(1) $ 8,856,000.00 April 25, 2034 Class M-7 Variable(1) $ 5,904,000.00 April 25, 2034 Class CE Interest Variable(2) $ 5,901,941.64 April 298,374,000 November 25, 2034 2032 Class P Interest A-2 Variable(2) $ 67,458,000 November 25, 2032 Class A-IO Variable(2) N/A(3) $ 100.00 April November 25, 2034
(1) Calculated in accordance with the definition of "Pass-Through Rate" herein.
(2) The 2032 Class CE Interest will accrue interest at its variable Pass-Through Rate on the Notional Amount of the Class CE Interest outstanding from time to time which shall equal the Uncertificated Balance of the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP). The Class CE Interest will not accrue interest on its Uncertificated Balance.
(3) The Class P Interest will not accrue interest. REMIC III --------- As provided herein, the Trustee shall make an election to treat the segregated pool of assets consisting of the Class CE Interest as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC III." The Class R-III Interest represents the sole class of "residual interests" in REMIC III for purposes of the REMIC Provisions. The following table sets forth (or describes) the Class designation, Pass-Through Rate and Original Class Certificate Principal Balance for the indicated Class of Certificates that represents a "regular interest" in REMIC III created hereunder: Initial Aggregate Certificate Principal Latest Possible Class Designation Pass-Through Rate Balance Maturity Date(1) ----------------- ----------------- ------- ---------------- Class CE Certificates M-1 Variable(2) $ 5,901,941.64 April 27,267,000 November 25, 2034
2032 Class M-2 Variable(2) $ 26,131,000 November 25, 2032 Class M-3 Variable(2) $ 4,544,000 November 25, 2032 Class M-4 Variable(2) $ 7,953,000 November 25, 2032 Class M-5 Variable(2) $ 9,089,000 November 25, 2032 Class M-6 Variable(2) $ 4,544,000 November 25, 2032 Class P N/A(4) $ 100.00 November 25, 2032 Class CE N/A(5) $9,089,206.86 November 25, 2032 _______________ ___
(1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loans Loan with the latest maturity date has been designated as the "latest possible maturity date" for each Class of Certificates.
(2) Calculated in accordance with the definition of "Pass-Through Rate" herein.
(3) The Class A-IO Certificates do not have a Certificate Principal Balance but will receive all amounts distributed to REMIC II Regular Interest II-LTIO-1A , REMIC II Regular Interest II-LTIO-1B, REMIC II Regular Interest II-LTIO-1C, REMIC II Regular Interest II-LTIO-2A, REMIC II Regular Interest II-LTIO-2B and REMIC II Regular Interest II-LTIO-1C.
(4) The Class P Certificates will not accrue interest.
(5) The Class CE Certificates will accrue interest at their variable Pass-Through Rate on the Notional Amount of the Class CE Certificates.Certificates outstanding from time to time which shall equal the Uncertificated Balance of the
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Ace Securities Corp)
Initial Latest Possible Designation Remittance Rate Uncertificated Balance. Maturity Date(1Date (1) ----------- --------------- ---------------------- ---------------- ----------------- I-LTAA Variable(2) $ 289,287,151.40 April 25, $369,378,862.29 October 2034 I-LTA1 Variable(2) $ 1,063,180.00 April 25, $996,145.00 October 2034 XI-XXX0 LTA2 Variable(2) $ 555,210.00 April 25, $110,685.00 October 2034 I-LTA3 Variable(2) $ 449,340.00 April 25, $755,235.00 October 2034 I-LTA4 Variable(2) $ 286,420.00 April 25, $83,915.00 October 2034 I-LTA5 Variable(2) $1,042,970.00 October 2034 I-LTM1 Variable(2) $ 191,875.00 April 25, $224,265.00 October 2034 I-LTM2 Variable(2) $ 169,735.00 April 25, $75,385.00 October 2034 I-LTM3 Variable(2) $ 51,660.00 April 25, $131,920.00 October 2034 I-LTM4 Variable(2) $ 36,900.00 April 25, $47,115.00 October 2034 I-LTM5 Variable(2) $ 44,280.00 April 25, $47,115.00 October 2034 I-LTM6 Variable(2) $ 44,280.00 April 25, $43,345.00 October 2034 I-LTM7 Variable(2) $ 29,520.00 April 25, $41,460.00 October 2034 I-LTM8 Variable(2) $56,540.00 October 2034 I-LTB Variable(2) $56,535.00 October 2034 I-LTZZ Variable(2) $ 2,981,419.42 April 25, Variable $3,825,714.13 October 2034 XI-XXX Variable(2) $ LTP Variable $100.00 April 25, October 2034 I-LT1SUB Variable(2) $ 5,399.21 April 25, Variable $5,778.44 October 2034 I-LT1GRP Variable(2) $ 26,662.81 April 25, Variable $27,915.05 October 2034 I-LT2SUB Variable(2) $ 2,819.58 April 25, Variable $4,380.92 October 2034 I-LT2GRP Variable(2) $ 13,923.78 April 25, Variable $21,163.92 October 2034 I-LT3SUB Variable(2) $ 3,736.42 April 25, Variable $5,445.08 October 2034 I-LT3GRP Variable(2) $ 18,451.62 April 25, Variable $26,304.48 October 2034 I-XX Variable(2) $ 295,119,977.41 April 25, 2034LTXX Variable $376,826,218.52 October 2034 ---------------------------
(1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the "latest possible maturity date" for each REMIC I Regular Interest.
(2) Calculated in accordance with the definition of "REMIC I Remittance Rate" herein. REMIC II -------- As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the REMIC I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC II." The Class R-II Interest will evidence the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions under federal income tax lawProvisions. The following table irrevocably sets forth the designation, the Pass-Through Rate, the initial aggregate Certificate Principal Balance and, solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for the indicated Classes of Certificates. Initial Aggregate Pass-Through Certificate Principal Latest Possible Designation Pass-Through Rate Certificate Principal Balance Maturity Date (1) ----------- ---- ------- ----------------- ----------------------------- ------------- Class A-1 Variable(1A1 Adjustable Rate (2) $ 212,636,000.00 April 25, $199,229,000 October 2034 Class A-2 Variable(1A2 Adjustable Rate (2) $ 111,042,000.00 April 25, $22,137,000 October 2034 Class A-3 Variable(1A3 Adjustable Rate (2) $ 89,868,000.00 April 25, $151,047,000 October 2034 Class A-4 Variable(1A4 Adjustable Rate (2) $ 57,284,000.00 April 25, $16,783,000 October 2034 Class M-1 Variable(1A5 Adjustable Rate (2) $ 38,375,000.00 April 25, $208,594,000 October 2034 Class M-2 Variable(1M1 Adjustable Rate (2) $ 33,947,000.00 April 25, $44,853,000 October 2034 Class M-3 Variable(1M2 Adjustable Rate (2) $ 10,332,000.00 April 25, $15,077,000 October 2034 Class M-4 Variable(1M3 Adjustable Rate (2) $ 7,380,000.00 April 25, $26,384,000 October 2034 Class M-5 Variable(1M4 Adjustable Rate (2) $ 8,856,000.00 April 25, $9,423,000 October 2034 Class M-6 Variable(1M5 Adjustable Rate (2) $ 8,856,000.00 April 25, $9,423,000 October 2034 Class M-7 Variable(1M6 Adjustable Rate (2) $ 5,904,000.00 April 25, $8,669,000 October 2034 Class CE Interest Variable(2M7 Adjustable Rate (2) $ 5,901,941.64 April 25, $8,292,000 October 2034 Class M8 5.00% (2) $11,308,000 October 2034 Class B 5.00% (2) $11,307,000 October 2034 Class P Interest N/A(3A (3) $ $100.00 April 25, 2034October 2034 Class C N/A (4) $11,308,413 October 2034 -----------------
(1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the "latest possible maturity date" for each Class of Certificates.
(2) Calculated in accordance with the definition of "Pass-Through Rate" herein.
(23) The Class CE Interest P Certificates will not accrue interest.
(4) The Class C Certificates will accrue interest at its their variable Pass-Through Rate on the Notional Amount of the Class CE Interest C Certificates outstanding from time to time which shall equal the Uncertificated Balance of the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP). ) The Class CE Interest C Certificates will not accrue interest on its Uncertificated their Certificate Principal Balance.
(3) The Class P Interest will not accrue interest. REMIC III --------- As provided hereinof the Cut-off Date, the Trustee shall make Group 1 Mortgage Loans had an election aggregate Scheduled Principal Balance equal to treat approximately $279,150,514, the segregated pool of assets consisting Group 2 Mortgage Loans had an aggregate Scheduled Principal Balance equal to approximately $211,639,158 and the Group 3 Mortgage Loans had an aggregate Scheduled Principal Balance equal to approximately $263,044,839. In consideration of the Class CE Interest as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC III." The Class R-III Interest represents the sole class of "residual interests" in REMIC III for purposes of the REMIC Provisions. The following table sets forth (or describes) the Class designation, Pass-Through Rate and Original Class Certificate Principal Balance for the indicated Class of Certificates that represents a "regular interest" in REMIC III created hereunder: Initial Aggregate Certificate Principal Latest Possible Class Designation Pass-Through Rate Balance Maturity Date(1) ----------------- ----------------- ------- ---------------- Class CE Certificates Variable(2) $ 5,901,941.64 April 25, 2034
_______________ (1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulationsmutual agreements herein contained, the Distribution Date immediately following Company, the maturity date for Master Servicer, the Mortgage Loans with Securities Administrator and the latest maturity date has been designated Trustee agree as the "latest possible maturity date" for the Class CE Certificates.follows:
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Samples: Pooling and Servicing Agreement (Peoples Choice Home Loan Securities Trust Series 2004-2)
